Viasat Closes Inmarsat Buyout, Albeit At Reduced Cash Portion Of Acquisition Price
Portfolio Pulse from Lekha Gupta
Viasat Inc has completed the acquisition of mobile satellite communications services provider Inmarsat for $551 million in cash and 46.36 million common shares. The cash portion was reduced from $850 million after Inmarsat paid a special dividend of $299 million in April 2022.
May 31, 2023 | 1:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Viasat has completed the acquisition of Inmarsat for a reduced cash portion of $551 million and 46.36 million common shares.
The completion of the Inmarsat acquisition could have a positive short-term impact on Viasat's stock price, as it expands the company's capabilities and market reach. The reduced cash portion of the acquisition price may also be seen as a positive, as it lowers the financial burden on Viasat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100